ATLANTA | Development Thread VI

[Atlanta3000]

Originally Posted by Street Advocate

Midtown to Downtown is getting pretty dense and we definitely have a few mixed-use pockets with increasing density, too. Hoping more of our major arterial roads fill up with density though, as the SFH neighborhood severely outweighs the mixed-use land areas around the city, making the "continuous" urban environment more difficult to achieve. It's definitely getting easier walking around and feeling like you're in a city, though. Biking makes it really easy to get most places in the city and bypass traffic, too, so I'm rooting for more bike lanes and trails that criss cross the city, as well as those that arc around it (like the beltline)

Midtown, Downtown, West Midtown and the Westside/Upper Westside have a great chance of getting very urban in the next 10 years. Hell I would consider West Midtown or the Upper Westside if I ever move.

[Martinman]

Originally Posted by jwbab

I think it is this:

Railside

https://www.atlantadowntown.com/go/railside

I think there will be a total of 50 townhomes and 115 apartments.

The current rendering

https://i.imgur.com/wS516AI.png?1

[Street Advocate]

Originally Posted by Atlanta3000

Midtown, Downtown, West Midtown and the Westside/Upper Westside have a great chance of getting very urban in the next 10 years. Hell I would consider West Midtown or the Upper Westside if I ever move.

I've considered that area, myself. Even though west midtown arguably has a more dense aspect and better entertainment options than the EST... the parks, restaurants, and general feel of the EST neighborhoods is more "Atlanta" and easily accessible to Midtown and Downtown, IMO. The west/northwest still feels a bit isolated, although that will certainly change as you mentioned in the next few years as more of the west side neighborhoods develop, build along the beltline and reservoir park, connect back towards downtown and Midtown, and potentially transit services are improved. Unfortunately, I don't think a dedicated transit lane will occur from the hub around west midtown to the east side any time soon (not on the proposed MARTA sales tax list from the 2016 referendum), at least not without a transfer.

[PhunkyPho]

Originally Posted by Martinman

The current rendering

https://i.imgur.com/wS516AI.png?1

That's nice. It will age well.

[chris08876]

I normally don't follow Atlanta, but with the recent revealing of 1125 Peachtree, and Cousins Properties new office proposal, seems like a good trend is happening with regards to skyscrapers in this city (optimism in otherwords). Seeing some of the high rises and mid-rises on this compilation, Atlanta is on the right track. City looks like its booming, and thats always a plus.

The pic in post #8077 by Atlanta3000 does a good job of showing the aesthetics of the skyline. Solid infill within the various skyline nodes.

Likewise for post #8071 by premieratlanta. Its a good thing that these developments are spread out, versus all concentrated. I'd rather see mid rises and compact/efficient lowrise apartments versus attached single family homes. Rapid growth within the metro should ensure continued densification.

[ATLSkyPalaceOwner]

No DRC agenda?

[Atlanta3000]

Mercedes-Benz Pedestrian Bridge




https://vimeo.com/267855706

Money Shot


Credit Mark McKay Twitter

[West Peachtree]

Originally Posted by ATLSkyPalaceOwner

No DRC agenda?

Now Published:

https://www.midtownatl.com/_files/docs/agenda-050818.pdf

[Street Advocate]

Originally Posted by West Peachtree

Now Published:

https://www.midtownatl.com/_files/docs/agenda-050818.pdf

Details:
FOLLOW-UP: 17th & Spring MXD - Mixed-Use (1295 Spring St.)
New mixed-use buildings on a 3.8 acre site with a total of ~605,000 s.f. office uses, 255 key hotel, 350 residential units and ~99,500 s.f of retail uses (including grocer and food hall) and partially buried podium parking of ~1,182 spaces. The site would be bifurcated by a separated publically accessible private street extension of Arts Center Way from the east at West Peachtree St. to Spring St which would serve as the primary access to the buildings. The site also would have full access from Spring St., West Peachtree St. and 16th St. and ingress only from 17th St.
John Hillman, [email protected]
Mike Service, [email protected]
Emmy Montanye, [email protected]
NEW APPLICATION: 1125 Peachtree Street
New mixed-use development on the block bounded by 13th Street, Juniper, 12th Street and Peachtree Street. The project contains approximately 6,000 SF of retail at street level, +/- 56 residential condo units, +/- 253 key luxury hotel, 9 story office tower, and structured parking for approximately 563. The office, hotel, and residential components stack vertically on top of each other, stepping back as uses change to allow for amenity spaces. There are three proposed vehicle access points to the site that tie into various levels of the parking deck. Access points are located on 12th Street, and Juniper (2 access points). Loading docks are located off of 13th Street. Pedestrian access is provided at street level to the retail suites, residential lobby, hotel lobby, office, and parking located at various points around the site.
Jenn Wilson, [email protected]

[BlueSangha]

Anyone have any idea what’s going on with the Trillist developments for SLS ATLANTA & 1138 Peachtree?

[Pemgin]

With all of the new office space proposed in Midtown, it seems like something has to give. Proposals now include 1105 West Peachtree, 1125 Peachtree, the Metlife project, Cousins new proposal, and the Campanile expansion. Is the market strong enough to absorb all of these proposals?

[cabasse]

Originally Posted by Pemgin

With all of the new office space proposed in Midtown, it seems like something has to give. Proposals now include 1105 West Peachtree, 1125 Peachtree, the Metlife project, Cousins new proposal, and the Campanile expansion. Is the market strong enough to absorb all of these proposals?

Bet it's the campanile expansion, haha

[Pemgin]

Originally Posted by cabasse

Bet it's the campanile expansion, haha

I'd gladly see that one get let go if it means the others get built.

[ATLMidcity]

Originally Posted by Pemgin

With all of the new office space proposed in Midtown, it seems like something has to give. Proposals now include 1105 West Peachtree, 1125 Peachtree, the Metlife project, Cousins new proposal, and the Campanile expansion. Is the market strong enough to absorb all of these proposals?

Remember when Buckhead was building 3 new office towers and the developers jointly advertised in New York newspapers as a brilliant marketing scheme? It worked.
IMHO, I believe Midtown is the hottest submarket in Atlanta right now, and there seems to be a renewed interest in constructing highrise buildings near MARTA stations, especially in the city's core.
Besides, all of these current developers have deep pockets and stellar portfolios. Selig's 12th & Midtown is in the final stages of completion, MetLife would bring thousands of its own employees and Cousins has rarely disappointed.

Maybe these developers know something BIG that we can only speculate about.

[Pemgin]

Originally Posted by ATLMidcity

Remember when Buckhead was building 3 new office towers and the developers jointly advertised in New York newspapers as a brilliant marketing scheme? It worked.
IMHO, I believe Midtown is the hottest submarket in Atlanta right now, and there seems to be a renewed interest in constructing highrise buildings near MARTA stations, especially in the city's core.
Besides, all of these current developers have deep pockets and stellar portfolios. Selig's 12th & Midtown is in the final stages of completion, MetLife would bring thousands of its own employees and Cousins has rarely disappointed.

Maybe these developers know something BIG that we can only speculate about.

Could be. It's just hard to imagine that much office space going spec at the same time. We've got all these proposals and no confirmed tenants.

[sbrptree]

Originally Posted by Pemgin

Could be. It's just hard to imagine that much office space going spec at the same time. We've got all these proposals and no confirmed tenants.

Agreed. Seems like A LOT! Course a Google or Amazon announcement would change the equation just a tad

[skyscraperpage17]

Anyone and their mama can propose something. But I personally don't take those proposals seriously until shovels hit the ground (even then, it's still not a 100% lock the project will happen) which is almost always dependent on the usual caveats, such as "market conditions" (code word for landing a tenant or tenants) and getting financing.

[ATLMidcity]

Happy Mother's Day from Selig, MetLife and Cousins.

[arctk2014]

Originally Posted by ATLMidcity

MetLife would bring thousands of its own employees

Just a heads up, this is Metlife Investment Managment arm of Metlife, Inc- so they're only an investor/manager in the project along with JLL - they're not going to be a tenant here.

http://investor.metlife.com/phoenix.zhtml?c=121171&p=irol-newsArticle&ID=2336927

[daharris80]

Originally Posted by Pemgin

Could be. It's just hard to imagine that much office space going spec at the same time. We've got all these proposals and no confirmed tenants.

I believe all of these recent proposals point to a shift in capital from apartments(residential) to commercial. That's not to say none of these will go spec. Some might as the market continues to drive investment towards commercial development. The more competition there is to invest in commercial the riskier the investors will be with their capital. But the rise in commercial proposals vs. apartments/residential show that developers certainly believe investors prefer commercial at this time and they're lining themselves up to go vertical first.